We learned today, via the Grand Rapids Press, that 40% of the city of Grand Rapids’ population is on Medicaid and 34% of the city’s population is on food stamps. This is, of course, part of the surging trend of food stamp recipients across the nation, which reached a record-breaking 40,000,000 people this month....
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The City of Grand Rapids and several surrounding areas are considering tax increases this May to shore up local budgets. Of course, much of the reason is the Great Recession we are currently in. Much of the problem is that city governments outspent themselves and sold taxpayers down the road by promising unionized municipal...
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The October revenue report for the state of Michigan has been released, and there’s very little good news to be had. Revenues were again below the most recent projections. October saw tax collections that were $31 million below expectations. The best real-time indicators of economic activity, sales taxes and income tax withholding, are both...
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Just keep this chart in mind when they come back, in the near future, for debtslaveryus stimulus 2.0. Remember – the politicians are lying to you.
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Now that the Federal Reserve-stimulated asset bubble has burst in the housing markets, and the subsequent follow-on government attempts to fix a government-created economic crisis are failing (see cash for clunkers and the market-distorting “first time homebuyer credit”), it’s time to assess your current situation and decide whether or not to walk away from...
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This week, President Obama re-appointed Ben Bernanke as chairman of the Federal Reserve. Bernanke declares that he “saved the world.” This is a bit like the arsonist firefighter declaring that, after he set fire to your house, he then “saved” it from the fire. Right. He lied then. He’s lying now. Change we can...
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Forget the artificial creation of the dual-party system. It’s a scam. They’re all lying.
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The latest monthly state revenue report was finally released today, and it doesn’t look good. A few of the money quotes: The revenue collected from Michigan’s General Fund and School Aid Fund earmarked taxes totaled $1.3 billion in May, which was down 13.4% from last year’s level. This marked the fourth consecutive month that...
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Change we can believe in? Last night’s press conference by President Obama was hardly a departure from the typical George Bush-style fear-mongering. You can sum his speech up like this: “Pass the stimulus, or else the universe will collapse!!! Gravity will fail! The sun will implode! Think of the CHILDREN!!” Sometimes the best way...
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The REAL natinal debt – including all unfunded future mandates. The math just doesn’t work. Yes, it currently says $58 trillion. Margaret Thatcher: “The trouble with Socialism is, sooner or later you run out of other people’s money.”
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